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| We wish we could celebrate the slight reduction in America's "official" unemployment rate in June. But the employment picture actually got worse, not better, last month. Technically, the rate of joblessness "fell" from 9.7 percent in May to 9.5 percent in June. Shouldn't that be good news? Doesn't it mean more Americans are working? Unfortunately, no. The official unemployment rate counts only those who are actively seeking jobs. In June, an alarming 652,000 discouraged, unemployed Americans gave up trying to find work. That is nearly equal to the entire population of Memphis! Those individuals aren't counted as part of the unemployment rate -- but they're still very much unemployed and very much in Nike AF1 Shoes economic diffi.lty. In fact, despite the lower official rate of joblessness in June, total U.S. payrolls plunged by a net of 125,000 jobs. All told, about 15 million Americans were hunting for jobs in June, and millions more have given up. Of course, 100 percent employment is not realistic. Natural, seasonal changes in the job market, as well as employees voluntarily leaving one job to seek another, mean that an optimal unemployment rate is in the range of 5 percent. But with the .rrent rate about double that, many Americans are plainly hurting. Replica Chanel Watches Shouldn't it be obvious by now that the president's and congressional Democrats' $862 billion "stimulus" legislation last year has not helped much? You'll recall that President Barack Obama said unemployment LV Earrings would not exceed 8 percent if only Congress would p. the stimulus. He also said 90 percent of the stimulus jobs supposedly "created or saved" would be in the private sector. Neither promise has panned out. We are far past the 8 percent unemployment mark, and government jobs have been getting vast amounts of the stimulus support. Bizarrely, on the very day that the latest, dismal jobs figures came out, Mr. Obama declared that the economy is on the right track. That will undoubtedly come as a surprise to millions of Americans who cannot find work, or who need full-time jobs but can find only part-time work. Sadly, without a serious rethinking and prompt reversal of the administration's policies, it is hard to see how our nation will begin to climb out of the economic crisis anytime soon. Other articles:http://bbs.lygsgb.com/space/viewspacepost.aspx?postid=19294http://www.589kk.cn/blog.asp?Uid=mywatches&id=54594 | |
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